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I disagree, it really is not, all those asic need to do is solve sha-256. We are talking about a few guys with very limited resource in the basement here. If goldman sachs were to do it for example, they will drop $10mill in r & d and easily get one of the many professional firms to get it done...

All the people who bought first release miners made bank, be it 10 GH first version or 500 GH later releases. Only the morons who can't do basic math or any research (are you one of them?) lost money buying well above ROI numbers. Same is true for Neptune first gen buyers will make a lot of...

I don't think we are talking the same thing. What I am saying is the network is at around 12k TH right now, you can easily mass produce 2TH miners at $1000 a pop, so an entity can easily drop 36k TH onto the network at once for $40million including data center and infrastructure cost, add on...

hehe good ol pekelo, dont be so dramatic ghasho.io is known for a long time and not a big deal, they are the farm running the http://cex.io miner shares (pretty nifty idea but way overpriced). The pool has vested interest to keep bitcoin alive, why would they try to destroy it. It's also not...

You don't even know why I made that comment, so kindly fuck off.

1 clueless computer scientist and suddenly bitcoin isnt ready? It means nothing, there are plenty of idiot computer scientists. Healthcare.gov anyone? Or the team who built a bitcoin exchange on amazon cloud instance then shut off the instance and lost the wallet with 15k bitcoins lol as i...

firm shutdown from treasury dept "suggestion", 2013 is the last year for those coins. They are collectibles now and worth 2-4x actuals depends on what type of casascius coins.

Lol either hang himself or sitting on a beach somewhere retired. Agreed hindsight is always 20/20, I posted the link just for some fun.

Best bitcoin story: https://bitcointalk.org/index.php?topic=1303.0

haha classic... like the In Time movie? :p

yes as stated in other threads, 21mil limit is meaningless newbie always get worked up on that, if the demand requires, it can be divided further into small units, call it microbtc, picobtc, whatever. liquidity concern due to supply is never going to be an issue.

Currently think of it as precious metal gold/silver type investment not currency. But the hope is eventually it will be used as a global currency that can easily transact without borders or restrictions, the framework is certainly in place. For this to happen retail adoption will need to reach...

Sorry bitcoin deems you too mentally retarded to own any. It does not want you.

Retarded aside, there are plenty of bitcoins - remember each is divisible...there are 2100 trillion btc units, call it microbtc, picobtc, whatever you want. It is one of the most common misconceptions that there are too few bitcoins, when the demand requires it 1 bitcoin can be easily divided...

agreed, good point. ultimately a single unit will be capped by the outlet power limit (~1500W in US i think). People can just buy multiples and stack them together each with a separate power supply but physical space will limit such setup. I am hopeful there will be many data centers spread...

LOL i have no idea bloomberg is adding bitcoin, have to checkout in the terminal when it goes live.

he's talking about the cost basis for a miner to generate a bitcoin, which is just electricity cost (although that's a bit flawed if you dont factor in hardware depreciation). We are at the end game now, you still have some gpu miners left which uses tremendous amount of power, followed by...

that's already proven to be false, mtgox requires your identity(passport/driver licenses etc..) to trade any decent amount of money just like any other broker account, and it is the most used exchange by far, almost everyone who owns bitcoin traded on it one point or another. You may still have...

hah bitcoin has its own forum on ET... there is no stopping it now :p